Summary
- Bitcoin reclaims $84K level
- Novogratz maintains $100K year-end target
- Altcoins like Chainlink and HBAR surge
Bitcoin reclaims the $84,000 level today. It started the week below $83,000. The price now sits back above the 200-day moving average and the old 83K-84K resistance.
Traders watch for follow-through.
"Bitcoin reclaims $84K with eyes on $100K."
, Mike Novogratz
Context
Bitcoin eased below $83,000 early in the week. It had posted gains the week before. The move brings it back above key technical levels.
A stronger US Dollar Index gained nearly 2% in September. That factor still acts as a headwind. Bitcoin still managed a 6.14% monthly gain.
Details
Mike Novogratz keeps his $100,000 year-end target. The call holds even as the rally shows signs of cooling. On-chain buyers have pulled back at eight-month highs according to CryptoQuant data.
Altcoins showed strength too. Chainlink rose 11% in a single session. HBAR climbed 20% to nearly $0.12.
A CryptoQuant bull score gauge approaches its ceiling. Buyers step back even as prices reach recent peaks. This adds caution to the near-term picture.
- Bitcoin has cleared the 83K-84K zone after the 50% rally from lows
- The US Dollar Index strength remains a macro factor into October
Bitcoin heads into a period historically known for strength. Key levels to watch include nearby resistance above $84,000. Dollar moves could renew pressure.